About the client
The customer wanted to set up a cloud infrastructure for containerized application hosting for their Wealth Management Application while adhering to the security standards of the BFSI (Banking, Financial Services, and Insurance) industry. Additionally, they needed to streamline their IT resource allocation to focus on business wealth management application development.
Cloud infrastructure for application hosting: Customer needs to establish a robust and secure cloud infrastructure to host their Wealth Management Application. The infrastructure should meet the specific requirements of the BFSI industry, ensuring data security, compliance, and high availability to enhance the application’s resilience against potential disruptions.
Optimized resource allocation: Customer wants to optimize their IT resource allocation by leveraging cloud infrastructure. By migrating to the cloud, they can focus more on business wealth management application development, reducing the burden of managing infrastructure and improving agility, which contributes to the application’s resilience.
Cloud Infrastructure Setup: The proposed solution involves setting up a cloud infrastructure to host customer’s Wealth Management Application. This infrastructure will be designed and implemented in accordance with the security standards of the BFSI industry to ensure data protection, compliance and resilience.
Cloud Infrastructure Components: Based on customer’s requirements, a comprehensive list of recommended cloud infrastructure components will be proposed. This may include compute resources such as Amazon EC2 instances, networking components, storage options like Amazon S3 or Amazon EBS, container services like Amazon ECS or Amazon EKS, and relevant security services. The chosen components are selected to enhance the application’s resilience and ensure it can handle varying workloads.
Customized Technical Architecture Diagram: A technical architecture diagram will be designed specifically for customer, considering their unique requirements. This diagram will illustrate the proposed AWS Cloud Infrastructure resources and their integration, providing a clear visual representation of the system’s design and components that contributes to application’s resilience.
BFSI Security Standards Compliance: To bolster the architecture’s resilience against security threats, the proposed cloud infrastructure will adhere to the security standards and best practices of the BFSI industry. This includes implementing robust security measures such as encryption, access controls, network segregation, and regular compliance audits to protect sensitive financial data.
Scalability and High Availability: The cloud infrastructure will be designed for scalability and high availability to meet the demands of customer’s Wealth Management Application. This ensures that the application can handle increasing user loads and provides uninterrupted service to clients, showcasing its resilience during periods of high traffic.
Cost Optimization: The proposed solution will optimize costs by leveraging cloud services and resources. Pay-as-you-go pricing models will be utilized, allowing customer to pay only for the resources they consume. Additionally, auto-scaling capabilities will be implemented to dynamically adjust resource allocation based on application demands, further optimizing costs.
Resource Allocation Streamlining: By migrating to the cloud and leveraging managed services, customer can streamline their IT resource allocation. This enables their IT team to focus on business wealth management application development, driving innovation and accelerating time-to-market for new features and functionalities.
Continuous Monitoring and Support: Ongoing monitoring and support for the cloud infrastructure will be provided, ensuring the system’s health, performance, and security. To contribute the resilience of the environment, regular maintenance, updates, and backups will be conducted to minimize disruptions and data loss.
The proposed solution offers customer a secure, scalable and resilient [cloud infrastructure for hosting their Wealth Management Application. By adhering to BFSI security standards, optimizing resource allocation, and leveraging AWS capabilities, the solution ensures continuous availability and strengthens the application’s resilience, allowing customer to provide uninterrupted service and gain a competitive edge in the market.